Mizuho Forecasts Strong Price Appreciation for Vital Energy (NYSE:VTLE) Stock

Vital Energy (NYSE:VTLE) had its price objective boosted by equities research analysts at Mizuho from $37.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 6.71% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Wells Fargo & Company lowered their price target on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Piper Sandler cut their price objective on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. BMO Capital Markets lowered their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Truist Financial lifted their price target on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.18.

Vital Energy Stock Performance

Shares of VTLE stock traded up $0.15 during trading hours on Tuesday, reaching $35.61. 257,923 shares of the company’s stock were exchanged, compared to its average volume of 818,431. The stock has a market capitalization of $1.36 billion, a P/E ratio of 2.49 and a beta of 3.16. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The business has a fifty day moving average price of $31.20 and a 200-day moving average price of $33.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter last year, the firm earned $5.16 EPS. Vital Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that Vital Energy will post 6.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Vital Energy by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock worth $3,424,000 after buying an additional 1,089 shares during the period. Franklin Resources Inc. grew its holdings in Vital Energy by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,662 shares of the company’s stock worth $363,000 after acquiring an additional 758 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Vital Energy by 4.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company’s stock valued at $582,000 after acquiring an additional 951 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company’s stock valued at $9,110,000 after purchasing an additional 187,503 shares during the period. 86.54% of the stock is currently owned by institutional investors.

About Vital Energy

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.